Brazil: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Brazil

After two years of decline, the Brazilian preserved sweet corn market increased by 321% to $X in 2022. Over the period under review, consumption, however, faced a abrupt slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Production in Brazil

In value terms, preserved sweet corn production reached $X in 2022 estimated in export price. Overall, production, however, showed a slight contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 6.8% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average yield of sweet corn prepared or preserved in Brazil was estimated at less than X kg per ha, stabilizing at the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The preserved sweet corn harvested area in Brazil stood at less than X ha in 2022, approximately mirroring the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Brazil

After two years of growth, shipments abroad of sweet corn prepared or preserved decreased by -12.1% to X tons in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, preserved sweet corn exports expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Argentina (X tons) was the main destination for preserved sweet corn exports from Brazil, with a 46% share of total exports. Moreover, preserved sweet corn exports to Argentina exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+5.0% per year) and Uruguay (+0.9% per year).

In value terms, Argentina ($X) remains the key foreign market for sweet corn prepared or preserved exports from Brazil, comprising 45% of total exports. The second position in the ranking was held by Paraguay ($X), with a 16% share of total exports. It was followed by Uruguay, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+5.8% per year) and Uruguay (+1.0% per year).

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2022, jumping by 27% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Venezuela ($X per ton) and Paraguay ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Brazil

In 2022, preserved sweet corn imports into Brazil soared to X tons, jumping by 20% against 2021. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 77%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sweet corn imports expanded remarkably to $X in 2022. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 78%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) was the main preserved sweet corn supplier to Brazil, with a 95% share of total imports. Moreover, preserved sweet corn imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from France totaled -2.4%.

In value terms, France ($X) constituted the largest supplier of sweet corn prepared or preserved to Brazil, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at -3.4%.

Import Prices by Country

In 2022, the average preserved sweet corn import price amounted to $X per ton, falling by -8% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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